Microfiber yarns

Global Microfiber Yarns Market Size, by Type (White (100%) Acrylic Yarn, White Acrylic Viscose Blended Yarn, Colored (100%) Acrylic Yarn), Application & Region - Key Manufacturers, Analysis, Growth Trends, and Forecast till 2025

Category: Consumer Goods     ID: IRP1821     Date: Oct, 2020
Microfiber yarns are extra-fine fibers of nylon, polyester, or acrylic. These fibers have excellent fitness which changes the properties of regular-sized fibers and provides them wonderful aesthetic appeal. The benefit of microscopic-sized fiber can be observed in spinning, which gives more motion and allows the filaments to move shift lightly in the spun yarns to offer more drape and an excellent soft feel and prevent the loss of yarn structure. This results in a sag or droops free knits. Microfiber yarn knits also tend to absorb and wick moisture better and feel more like natural fibers and feel less sticky in a warm climate than regular synthetic yarns.

To compare with more familiar fibers: microfibers are half the diameter of fine silk fiber, one-third the diameter of cotton, one-fourth the diameter of fine wool, and 100 times finer than a human hair. This superfine and light quality provides the softest feel against the skin.

Microfibers yarns are used for a wide range of applications, such as mats, knits, and weaves, for apparel, upholstery, industrial fibers, and cleaning products. Therefore, owing to its excellent properties and soft feel, microfibers are witnessing an increasing demand from the various end-use industries, which is anticipated to propel the market growth. However, the drawback of heat sensitivity over other regular synthetic yarns is expected to create restraint to the market growth.

The global microfiber yarns market was estimated to be valued at USD XX million in 2018 and is projected to reach USD XX million/billion by 2025, at a CAGR of XX% during 2018 to 2025. Scope of global microfiber yarns market includes by type (white (100%) acrylic yarn, white acrylic viscose blended yarn, colored (100%) acrylic yarn, colored acrylic viscose blended yarn, and others), by application (sweater, blanket, carpet, and others), and by region (North America- U.S., Canada; Europe- U.K., France, Germany; Asia-Pacific- China, Japan, India; Latin America- Brazil, Mexico; Middle East & Africa- South Africa, Saudi Arabia).

The global microfiber yarns market is primarily segmented by type, application, and region.

In terms of type, the market is split into:
* White (100%) Acrylic Yarn
* White Acrylic Viscose Blended Yarn
* Colored (100%) Acrylic Yarn
* Colored Acrylic Viscose Blended Yarn
* Others

On the application front, the market is segmented into:
* Sweater
* Blanket
* Carpet
* Others

Moreover, the market is classified across regions and countries as follows:
* North America- U.S., Canada
* Europe- Russia, U.K., France, Germany, Italy
* Asia-Pacific- China, Japan, India, Australia
* Latin America- Brazil, Mexico
* Middle East & Africa- South Africa, Egypt, Saudi Arabia

Key Market Players:
The key players profiled in the market include:
* Aditya Birla Yarn
* Hanil Synthetic Fiber
* Indorama
* Sutlej Textiles and Industries
* Chenab Textile Mills
* Sadiq Group
* Sharman Woollen Mills
* Taekwang
* Gurteks Group
* Baid Industries Pvt. Ltd.

These enterprises have been focusing on development strategies, such as expansions, new Raw Material launches, agreements & partnerships, and acquisitions to expand their end-use industry across the globe.
Key Benefits of the Report:
* Global, regional, country, type, and application market size and their forecast from 2015-2026
* Identification and detailed analysis and insights on key market dynamics, such as drivers, opportunities, restraints, and challenges influencing the growth of the market
* Detailed analysis an insights on industry outlook with market specific PESTLE analysis, Porter’s Five Forces analysis, and Value Chain analysis, to achieve a better understanding of the market and prepare expansion strategies
* Identification and comprehensive analysis of key market players and their market share, detailed financial positions, key Raw Materials, core competencies, and unique selling points
* Identification and analysis of Key players’ competitive developments and strategic initiatives, such as mergers, joint ventures, sales contracts, and new Raw Material introduction in the market
* Expert interviews and their insights on current and future outlook, market shift, and factors impacting vendors’ short term and long term strategies
* Detailed insights on emerging regions, type, and application with qualitative and quantitative facts
* Identification of the key patents filed in the field of microfiber yarns
* Owing to the volatility seen in the market due to the Global COVID-19 pandemic, businesses around the globe wish to know the impact on their market and how this changes the projections for 2020 and the forthcoming years. Orian Research is in talks with seasoned market analysts and key note speakers to understand the impact of COVID 19 on markets and factors that will bring in stability in the foreseeable future

Target Audience:
* Microfiber Yarns manufacturer & Technology Providers
* Traders, Importers, and Exporters
* Raw Material Suppliers and Distributors
* Research and Consulting Firms
* Government and Research Organizations
* Associations and Industry Bodies

Research Methodology:
The market is derived through extensive use of secondary, primary, in-house research followed by expert validation and third party perspective, such as, analyst reports of investment banks. The secondary research is the primary base of our study wherein we conducted extensive data mining, referring to verified data sources, such as, white papers, government and regulatory published articles, technical journals, trade magazines, and paid data sources.
For forecasting, regional demand & supply factors, recent investments, market dynamics including technical growth scenario, consumer behavior, and end use trends and dynamics, and production capacity were taken into consideration. Different weightages have been assigned to these parameters and quantified their market impacts using the weighted average analysis to derive the market growth rate.

The market estimates and forecasts have been verified through exhaustive primary research with the Key Industry Participants (KIPs), which typically include:
* Manufacturers
* Suppliers
* Distributors
* Raw Material Providers
* Government Body & Associations
* Research Institutes

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